one8zero8 LLC Makes New Investment in Barrick Mining Corporation $B

one8zero8 LLC bought a new stake in Barrick Mining Corporation (NYSE:B) (TSE:ABX) during the third quarter, according to the company in its most recent disclosure with the SEC. The firm bought 9,850 shares of the gold and copper producer’s stock, valued at approximately $323,000.

A number of other institutional investors also recently modified their holdings of B. Concord Wealth Partners bought a new position in Barrick Mining in the second quarter valued at about $26,000. Arlington Trust Co LLC acquired a new stake in shares of Barrick Mining in the 3rd quarter valued at approximately $26,000. Ameriflex Group Inc. bought a new stake in shares of Barrick Mining during the 2nd quarter valued at approximately $27,000. Trifecta Capital Advisors LLC acquired a new position in Barrick Mining during the 2nd quarter worth approximately $27,000. Finally, Bayforest Capital Ltd acquired a new position in Barrick Mining during the 2nd quarter worth approximately $31,000. Institutional investors and hedge funds own 90.82% of the company’s stock.

Barrick Mining Stock Up 1.5%

Shares of B opened at $52.98 on Thursday. The stock’s 50-day moving average price is $44.86 and its two-hundred day moving average price is $34.56. Barrick Mining Corporation has a 12 month low of $15.70 and a 12 month high of $53.28. The company has a market capitalization of $88.76 billion, a PE ratio of 25.59, a PEG ratio of 0.47 and a beta of 0.41. The company has a current ratio of 2.94, a quick ratio of 2.33 and a debt-to-equity ratio of 0.14.

Barrick Mining (NYSE:B) (TSE:ABX) last issued its quarterly earnings results on Monday, November 10th. The gold and copper producer reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.01. The company had revenue of $4.19 billion during the quarter, compared to analysts’ expectations of $4.20 billion. Barrick Mining had a return on equity of 9.48% and a net margin of 24.53%.During the same quarter in the prior year, the firm posted $0.09 earnings per share. The business’s quarterly revenue was up 23.2% on a year-over-year basis. On average, analysts anticipate that Barrick Mining Corporation will post 1.47 EPS for the current year.

Barrick Mining Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Stockholders of record on Friday, November 28th were paid a $0.175 dividend. The ex-dividend date of this dividend was Friday, November 28th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 1.3%. This is an increase from Barrick Mining’s previous quarterly dividend of $0.15. Barrick Mining’s payout ratio is currently 33.82%.

Analysts Set New Price Targets

A number of brokerages have weighed in on B. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Barrick Mining in a research note on Monday, December 29th. Cormark raised Barrick Mining from a “hold” rating to a “moderate buy” rating in a report on Tuesday, November 11th. Jefferies Financial Group reiterated a “buy” rating and issued a $55.00 target price on shares of Barrick Mining in a research report on Sunday, December 7th. CIBC lifted their price target on Barrick Mining from $38.00 to $50.00 and gave the company an “outperformer” rating in a research note on Friday, October 10th. Finally, Bank of America raised Barrick Mining from a “neutral” rating to a “buy” rating and upped their price objective for the company from $38.00 to $48.00 in a research note on Monday, November 24th. Three equities research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $48.73.

Barrick Mining Profile

Barrick Gold Corporation, commonly known as Barrick, is a Toronto‑headquartered mining company focused on the exploration, development, production and sale of gold and copper. Listed on major exchanges (including the New York Stock Exchange under the symbol B), Barrick operates as an integrated minerals producer, running large‑scale mining complexes, processing facilities and related support services for extraction and metallurgical treatment of ore.

The company’s activities span the full mining value chain: greenfield exploration, feasibility and permitting, mine construction, ongoing operations, and closure and reclamation.